TRUE OR FALSE

$42q,$ Net Trade Working Capital $=$ Current Assets $+$ Current Liabilities.

$43q,$ Accounts Receivable is the accrual account for an invoice not yet paid by customer.

$44q,$ Intangible Assets are typically created when an entity pays more for an asset than the historical value on the prior owner's books $(\text{'}$book value'$).$

$45q,$ The process of expensing Intangible Assets over its useful life is called 'depreciation'.

$46q,$ Assets are defined as a company's legal financial borrowings or obligations that arise during the course of business operations.

$47q,$ Noncurrent Assets $=$ PP&E $+$ Intangible Assets $+$Other Noncurrent Assets.

$48q,$ Equity is the of value that the market places on a company's stock.

$4q,$ Assets $=$ Liabilities $+$ Equity.

$0q,$ Property, Plant & Equipment $($PP&E$)$ is a Noncurrent Asset.

$1q,$ Intangible Assets is a Noncurrent Liability. $q,$ Long$-$term debt is a Noncurrent Liability. $q,$

Accounts Receivable is a Current Liability.

Assets are defined as something valuable that an entity owns, benefits from, or has use of$,$ in generating income.